New York is second to only Silicon Valley when it comes to a burgeoning tech industry, but some city policies threaten its growth, mayoral hopefuls say.» Read More
OTTAWA, Oct 31- Canada is likely to extend its review of the $15.1 billion bid by China's CNOOC Ltd for oil producer Nexen Inc beyond next week's deadline to allow more time for the government to formulate a broad framework on foreign investment, two sources close to the matter said on Wednesday.
*Phillips 66: Power back at Bayway refinery in Linden, New Jersey. NEW YORK, Oct 31- U.S. gasoline futures prices rose on Wednesday on concerns about East Coast supply shortages as the energy sector struggled to restore operations disrupted by massive storm Sandy.
TOKYO, Nov 1- Sony Corp is likely to say it returned to an operating profit for July-September after it sold a chemicals business, but investors still aren't sure a consumer electronics revamp will deliver the profit growth the group seeks.
NEW YORK, Oct 31- The first piece of post-storm advice after a major weather event like Sandy is always to call your insurance company. But what if your phone isn't working or you don't have Internet service? State Farm says as of Tuesday evening, it had logged 6,000 homeowners policy claims, and 900 car claims.
*Dow off 0.1 pct, S&P 500 up 0.02 pct, Nasdaq off 0.4 pct. The Dow and the S&P 500 closed little changed while the Nasdaq Composite edged lower in a session with slightly less than average volume.
NEW YORK, Oct 31- The euro drifted higher against the dollar and yen on Wednesday and posted its third straight month of gains, but uncertainty about the heavily indebted euro-zone economies could limit further strength.
WASHINGTON, Oct 31- Applications for U.S. home mortgages fell last week as demand for refinancing tumbled for the fourth week in a row, an industry group said on Wednesday, although other recent data has indicated the housing market is improving.
*No crowds in lower Manhattan after storm. *Businesses try to cope without power. NEW YORK, Oct 31- The residents and business owners of lower Manhattan who have lost their electricity this week are beginning to adjust to life in an unfamiliar place: ``Blackout City.''.
*U.S. stocks trade flat as Wall Street reopens after 2- day closure. *Oil settles below $109 a barrel in face of potential supply rupture.
NEW YORK, Oct 31- U.S. stocks closed little changed on Wednesday after a forced two-day closure due to super storm Sandy, as gains in utilities and financial shares offset declines in the healthcare and technology sectors. The S&P 500 edged up 0.22 point, or 0.02 percent, to finish unofficially at 1,412.16.
Oct 31- JPMorgan Chase& Co, Citigroup Inc and Wells Fargo& Co said on Wednesday they have reopened more than half of the branches that were closed as Hurricane Sandy battered the U.S. East Coast early this week. JPMorgan said it had reopened 587 Chase branches, about 55 percent of the total in the states of New York, New Jersey and Pennsylvania.
*New York, New Jersey each have more than 2 million out. At the storm's peak, 8.48 million customers were without power after Sandy came ashore with hurricane-force winds in New Jersey on Monday, according to Department of Energy data.
BOSTON, Oct 31- Some of Citigroup Inc's banking sites went down for about half an hour on Wednesday, making its online banking system temporarily inaccessible to customers, some of whom were housebound in the wake of giant storm Sandy.
*U.S. stocks near break-even as Wall Street reopens after 2- day closure. *Oil settles below $109 a barrel in face of potential supply rupture.
*EPA allows selling of ULSD with more than 15 ppm sulfur. NEW YORK, Oct 31- The U.S. Environmental Protection Agency on Wednesday granted New Jersey a temporary waiver on Ultra Low Sulfur Diesel requirements to help counter a shortfall in fuel supplies in parts of the state following Hurricane Sandy.
NEW YORK, Oct 31- U.S.
*Hess 70,000 bpd Port Reading plant still powerless; Ontario back. *EPA grants diesel fuel standard waiver for New Jersey. Oct 31- East Coast fuel supplies seemed set to remain tight into next week, as spotty electrical power and flooding damage stymied the recovery of two New Jersey refineries after Hurricane Sandy.
Oct 31- Clothing maker PVH Corp will unite Calvin Klein underwear, jeans and sportswear lines under one roof in a $2.8 billion deal to buy rival Warnaco Group Inc that will boost profits immediately. PVH bought Calvin Klein in 2003 and makes formal and sportswear under that brand.
NEW YORK, Oct 31- Wall Street firms and U.S. banks scrambled to raise cash on Wednesday, as U.S. financial markets resumed normal trading after a devastating storm pummeled the U.S. East Coast and closed major markets for two days.
NEW YORK, Oct 31- U.S. gasoline rose on Wednesday on concerns about East Coast supply shortages as the energy sector struggled to restore operations disrupted by massive storm Sandy.